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Pricing

2022
Flag → Flag
Exports $16.7MRnk 173 / 223
2022
Flag → Flag
Top Product $1.27MLaboratory Reagents
2022
Flag → Flag
Exports $623kRnk 42 / 139
2022
Flag → Flag
Top Product $198kOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Germany-Barbados Trade: In 2022, Germany exported $16.7M to Barbados. The main products that Germany exported to Barbados were Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). Over the past 5 years the exports of Germany to Barbados have decreased at an annualized rate of 4.88%, from $21.5M in 2017 to $16.7M in 2022.

In 2022, Germany did not export any services to Barbados.

Barbados-Germany Trade: In 2022, Barbados exported $623k to Germany. The main products that Barbados exported to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). Over the past 5 years the exports of Barbados to Germany have decreased at an annualized rate of 21.3%,  from $2.06M in 2017 to $623k in 2022.

In 2022, Barbados did not export any services to Germany.

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €1.92M and imported €502k from Barbados, resulting in a positive trade balance of €1.42M. Between August 2023 and August 2024 the exports of Germany have increased by €729k (61.3%) from €1.19M to €1.92M, while imports increased by €285k (131%) from €217k to €502k.

Trade In August 2024, the top exports of Germany to Barbados were Motor cars and motor caravans (€158k), Machinery for mining, quarrying and construction (€156k), Pharmaceutical products (€150k), Vegetable oils and fats (€121k), and Perfumes and toilet preparations (€102k). In August 2024 the top imports of Germany from Barbados were Spirits (€161k), Medical, surgical equipment, orthopaedic apparatus (€23k), Other electric machinery, apparatus and appliances (€9k), Railway or tramway locomotives and rolling... (€9k), and Machinery for electricity production, distribution (€4k).

Origins In August 2024 the exports of Germany were mainly from Bavaria (€602k), North Rhine-Westphalia (€431k), Hamburg (€232k), Schleswig-Holstein (€118k), and Baden-Württemberg (€101k), while imports destinations were mainly Hamburg (€200k), Hesse (€120k), Schleswig-Holstein (€32k), and North Rhine-Westphalia (€26k).

Growth In August 2024, the increase in Germany's year-by-year exports to Barbados was explained primarily by an increase in product exports in Pharmaceutical products (€102k or 213%), Perfumes and toilet preparations (€98k or 2.45k%), and Motor cars and motor caravans (€69k or 77.5%). In August 2024, the increase in Germany's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in Spirits (€101k or 168%), Medical, surgical equipment, orthopaedic apparatus (€4k or 21.1%), and Machinery for electricity production, distribution (€3k or 300%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€729k(61.3%)
IMPORT GROWTH (August 2023 - August 2024)€285k(131%)
MAIN EXPORTER (August 2024)Bavaria€602k

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Barbados and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $16.7M to Barbados. The main products exported from Germany to Barbados were Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). During the last 5 years the exports of Germany to Barbados have decreased at an annualized rate of 4.88%, from $21.5M in 2017 to $16.7M in 2022.

In 2017, Barbados exported $623k to Germany. The main products exported from Barbados to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). During the last 5 years the exports of Barbados to Germany have decreased at an annualized rate of 21.3%, from $2.06M in 2022 to $623k in 2017.

Exports from Germany (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Barbados
Top DestinationUnited States$88.6M

This map shows whether countries import more from Germany or Barbados. Each country is colored based on the difference in imports they receive from Germany and Barbados or the difference in the growth in imports.

In 2022, countries that imported more from Germany than Barbados included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Barbados than Germany included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

Difference in imports from Barbados (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Barbados

Flow
Scale

This chart compares trade between Germany and Barbados by product, considering products traded by both, Germany and Barbados.

During 2022, Germany had a large net trade with Barbados in the exports of Machines ($5.36M), Chemical Products ($3.23M), and Instruments ($1.44M).

During 2017, Barbados had a large net trade with Germany in the exports of Instruments ($211k), Machines ($194k), and Foodstuffs ($163k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Barbados. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Barbados. Similarly, a dot/product with the flag of Barbados indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Barbados (Flag) (2022)

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